With a capital gain of 1.13% for the last 12 months, Calamvale, 4116 has performed for property investments than its average annual 4.63% property growth over the last 5 years.
Comparing Calamvale,4116 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Calamvale itself are offering an average vendor discount of -4.06% to real estate investors.
Often selling an investment property can take time, and in Calamvale the average time real estate has been on the market is 51.46 days.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Property value increases in Calamvale have tracked just lower than the QLD average of 0.29% over the last 12 months.
While Calamvale,4116 ranked number 197th in QLD for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.
Property investors looking for a bargain in Calamvale should be aiming for at least -4.36% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 2.60%, investors should hope to achieve an overall return of 5.07%
Calamvale is a big suburb and the most populated in the greater Brisbane area, yet it is also renowned for being quiet, peaceful and family-friendly.Full summary
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Calamvale is a big suburb and the most populated in the greater Brisbane area, yet it is also renowned for being quiet, peaceful and family-friendly.
Transport options to the city (18km away) are convenient thanks to the Logan Motorway, regular buses and the nearby train stations.
Current demand for the area is indicated by the fact that houses typically spend just 44 days on the market, which is a much quicker turnover than many suburbs nearby.
The vacancy rate is also a tight 1.51%, according to Real Estate Investar.
This demand is already translating into capital growth, as the median price of houses has grown by 6% in the past 12 months.
Three- or four-bedroom houses on Bowerbird Pl and Fig Tree St are located on cul-de-sacs which are a sought-after part of Calamvale.
They are very close to shops, schools and public transport to the city.
They can be bought there for less than $520,000.
Top amenities: Calamvale Marketplace, Stretton College, Sunnybank Hills Shopping Centre, Sunnybank Primary, Calamvale Community College, easy access to Gateway and Logan motorways, Grand Plaza Cinemas and shopping centre, Runcorn Heights Primary
Public transport: Multiple bus routes, Altandi, & Runcorn train stations.
Main arteries: Very well established car, bus and rail transport infrastructure including the existing Logan motorway, offering ready access to both the Gateway motorway and Centenary highway. Close proximity to existing rail stations at Runcorn and Altandi.Close